GBike announced on the 11th that it recorded a consolidated revenue of 80.4 billion won and an operating profit of 6.9 billion won in 2024, achieving the largest performance in its history for eight consecutive years.
Total revenue was reported at 91.5 billion won, nearing the goal of achieving 100 billion won in revenue. Revenue from the personal mobility (PM) sharing service 'GCOO' increased by 47.8% compared to the previous year, driving performance growth. Despite the tightening of domestic PM regulations, steady results were achieved based on demand for short-distance travel within cities.
GBike operates overseas services in the United States, Thailand, Vietnam, and Ghana, among other countries, and surpassed a cumulative overseas revenue of $1 million last year. EBITDA was 32.9 billion won, recording a higher level of 41% than its global competitors, proving its cash-generating capability and financial competitiveness, according to the company.
Having secured both profitability and growth, GBike plans to accelerate the expansion of personal mobility infrastructure, including battery exchange stations (BSS), in 2025. Currently, BSS services are operating in Sejong City, and expansion into the metropolitan area is planned within the year.
GBike CEO Yoon Jong-soo said, "Shared PM is an essential means of transportation for modern individuals, and its necessity will only grow in the future," adding, "We will support more free movement for people around the world, along with the expansion of eco-friendly transportation infrastructure."